The natural gas and combined cycle facility under construction at Port La Unión could be supplied with gas shipped from Camisea, Peru.
In early 2011, Peru will start outputting and distributing gas from its giant fields in Camisea, 500 kilometers west from Lima. This could trigger a change in the energy mix of El Salvador, moving towards cleaner, more efficient and cheaper energy.
In 2010 the company will invest to improve its national distribution networks.
Mauro Molina, distribution coordinator at Gas Natural, explained they want to provide a better service for their over 700.000 clients.
He told newspaper La Prensa that “they will invest in three main areas: improving service quality, enlarging distribution networks to reach more costumers, and reducing energy losses”.
In El Salvador, the cylinder of 25 pounds of gas costs $5.10; without the government’s subsidy it could cost up to $14.
From October 2010 onwards, the Government will limit the subsidy in order to benefit only low-income families. It will be applied via discounts in the electricity bill, but only to families consuming less than 99 kWh a month and those without electricity service.
LNG Group Panama will develop a gas-fired generating plant and a terminal to store Liquid Natural Gas (LNG) in Colon.
Panama will spend $300 million on a liquid natural gas, or LNG, terminal and $ 130 million on a gas-fired generating plant, the country's ministry of finance said in a statement Wednesday.
The projects will help meet the country's growing energy demand, and reduce the use of liquid fuels, the statement said.
President Álvaro Colom informed that Guatemala will publish bidding rules for new oil and natural-gas blocks before the end of next week.
This process is part of a plan to increase the country's oil production to 60.000 barrels a day in 2011, up from the current 16.000. The winner of the auction will be announced 60 days after the publication of the rules.
Salvadoran project Cutuco Energy Central America is analyzing selling natural gas energy to Guatemala in 2013.
Company spokespersons are currently in Guatemala holding meetings with authorities and potential buyers.
Vahid Sadeghpour, commercial vice president of the company, told Prensalibre.com that "they expect to participate in energy bidding processes by Guatemalan energy buyers, as distributors, large users and commercialization entities".
WER plans to investigate the viability of 12 project sites with a focus on environmentally-friendly oil and natural gas extraction methods
Auckland, New Zealand Sept. 21, 2009 – World Energy Research, a New Zealand-based energy research and investment company, is moving into energy exploration in Guatemala. WER plans to investigate the viability of 12 project sites with a focus on environmentally-friendly oil and natural gas extraction methods.
There will be seven terrestrial and three maritime concessions granted. In just 7 years, Guatemala could be self-sufficient in oil consumption.
The tenders may attract more than $235 million in exploration investments, most of them for gas off the Pacific coast of Guatemala. The leases will be for 25 years and will require at least six years of exploration.
Infinity Energy Resources Company, Inc. received government approval to explore 1.4 million acres of the Caribbean Sea coast.
The CEO of Infinity Energy Resources, Stanton E. Ross, manifested in the company’s press release: "The final approval of contracts for exploration [of natural gas and oil] and development by the Ministry of Energy and Mines and the Government of Nicaragua will allow the company to proceed with exploration activities."
Financing for the Meso-American project will be provided by the IDB (Interamerican Develpment Bank), the BCIE (Central American Bank for Economic Integration) and the private companies that win the bids.
The Meso-American Energy Integration Program (PIEM) by the Economic Commission for Latin America and the Caribbean (CEPAL) has been working on the feasibility of a regional gas pipeline from Mexico through Central America to Colombia.
Guatemala offered the possibility to explore (and to extract) six areas in the country for hydrocarbons (three for gas and three for petroleum).
Officials from the National Competitiveness Program presented to Ecopetrol the potential for extracting hydrocarbons from these six areas.
The first three regions are located in the Pacific Ocean and cover 1.4 million hectares where the MEM believes methane hydrate can be found.
Guatemala is about to embark on a road that could end up giving it a new energy source, cheaper and "cleaner": natural gas.
Forty-five days from now it will call for bids to explore three areas in the Pacific Basin with a combined area of one million 406 thousand 674 hectares.
The Ministry of Energy and Mines is betting that natural gas and oil will be found in these areas.